Why Morgan Stanley says U.S. outperformance will continue, even if normalcy returns

Core Viewpoint - U.S. stocks have been outperforming international competitors since the onset of the Iran conflict due to the U.S. being a net exporter of oil, while major European and Asian competitors rely on oil imports [1] Group 1 - The performance of U.S. stocks is positively influenced by the geopolitical situation in Iran [1] - The U.S. benefits from its status as a net oil exporter, contrasting with European and Asian markets that depend on oil imports [1]